11th Class ICom Part 1 Principles of Economics Chapter Wise Online MCQ Test With Answers PDF English Medium

Principles of Economics Icom Part 1 English Medium Online Test

Sr. #	Questions	Answers Choice
1	Comparative cost theory is also called	Theory of comparison cost Theory of specialization of cost Theory of balanced cost Theory of specialization of production
2	According to classical theory of international trade, a country imports those goods from the other country which	Are durable Are standardised Are produced comparatively at high cost Are not produced in that country
3	Innovation theory is presented by	Prof Kegnes Prof Schumpeter Prof Hicks Prof Foster
4	Monetary theory of Trade cycle is presented by	Prof Hawtrey and Friedman Prof Keynes Prof Hobson Prof Kitchen
5	Over investment theory is presented by	Pigou Hawtray Hayek, Mises and Cassel Prof Jugglar
6	Under consumption or over saving theory is presented by	Prof Hobson, Foster and Catchings Prof Hawtrey Prof Keynes Prof Jevons
7	Psychological theory of trade cycles is presented by	Prof Jevons Prof Pigou and Bagehot Prof Keynes Prof Hawtrey
8	Theory of sun-spot was presented by	Prof Jevons and Henry L, Moor Prof Pigou and begehot Prof Hobson Prof Cassel
9	According to which economist some trade cycles complete their cycle during a period of fifty years or sixty years	Prof Kitchen Prof Jugglar Prof Pigou Prof Kondratieff
10	According to which economist, duration of a trade cycle is 9 to 10 years	Prof Kitchen Prof Jugglar Prof Pigou Prof Kondratieff
11	"A trade cycle is completed in three years four months" This is stated by	Prof Kitchen Prof Jugglar Prof Jevons Prof Pigou
12	The period in which an economy comes back from prosperity to depression is called	Recovery Recession Boom Depression
13	In which phase of a trade cycle national product, wages, prices and profits reach at their peak	Recovery Boom Recession Depression
14	In which phase of a trade cycle production, employment, wages and rate of interest etc start rising gradually	Boom Depression Recovery Recession
15	In which phase of a trade cycle level of employment and income become very low	Depression Recovery Boom Recession

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